Here it is in Motive, which I know is accurate as I double checked with a spreadsheet before buying it.
RE: Chart of the Day: Ethereum coming in for a landing?
You are viewing a single comment's thread from:
Chart of the Day: Ethereum coming in for a landing?
It comes in a little closer than the normal fib tool, but the extensions are still not right.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I tried to reproduce what you've done in MotiveWave and the projections are the same. I think you didn't draw the 100% level at the same place or price and so you got a different result. BTW I used Bitfinex data here.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hmmm...I'm either missing something, or it isn't replicating what I'm doing. What's critcal is measuring the 2015 low (0% there) and put the 100% on the Jun 2016 high, then move 0% to the August 2016 low. Basically I'm 'fibbing' the 1-2 setup then projecting. When I do that I do not get this result. I can't tell where your 0 is or what you are measuring.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Here's the closeup with text.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I fibbed from 471$ (0%) to 2326$ (100%) just like you did with MotiveWave and projections perfectly match.
I think the problem is that when moving the tool the initial fibbed range changes. Even if you lock it you can't move it at all and makes it therefore useless.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Unfortunately, that's not how I work projections, I need to move it, so it won't work at all for me. I have pinescript code for making fib lines off three points, but it just is slow to use when I can drag and drop in MW. So, don't care to do my EW work on Tradingview.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit